CoreWeave's $4B OpenAI Deal Spurs $23B Capex

[{"selector":"#anim-8bff1ef7-3113-4c63-9606-c7daa6bbd2ba","keyframes":{"opacity":[0,1]},"delay":250,"duration":1500,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-073383e6-7a1d-4bdf-b4ac-6fa3c6d78cba","keyframes":{"opacity":[1,1]},"delay":0,"duration":4000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-30385f2b-8267-4c20-8796-a2fdd5e573ae","keyframes":{"transform":["scale(3)","scale(1)"]},"delay":0,"duration":4000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-dddc7cd8-02eb-4c4f-b371-d4ca985dcbb5","keyframes":{"opacity":[1,1]},"delay":0,"duration":4000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-530f22df-4c3b-4628-b00d-cc751a01dc7e","keyframes":{"transform":["scale(3)","scale(1)"]},"delay":0,"duration":4000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] CoreWeave locked down a massive $4B OpenAI deal, but their stock tanked anyway. Photo Source: CoreWeave

[{"selector":"#anim-4941e930-5691-4ae3-b1d3-4702d6045f55","keyframes":{"opacity":[1,1]},"delay":0,"duration":4000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-739579f4-9f32-4b0a-9beb-92a1eff05c04","keyframes":{"transform":["scale(3)","scale(1)"]},"delay":0,"duration":4000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-4cc369ec-c7bf-4efb-90b8-370e60ca8290","keyframes":{"opacity":[1,1]},"delay":0,"duration":4000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-2af382e8-c380-41fc-a55b-0c281cc782da","keyframes":{"transform":["scale(3)","scale(1)"]},"delay":0,"duration":4000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-fc3b5a72-e515-41f7-aff6-a3766d8ea801","keyframes":{"opacity":[0,1]},"delay":250,"duration":1500,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] The AI cloud provider just extended their OpenAI partnership through 2029, adding $4B to an existing $11.9B contract. Photo Source: Rawpixel (FreeRangeStock)

[{"selector":"#anim-1abda79f-66b5-4c67-a164-7dcbf0777af5","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-53ba52d0-6bed-4b58-90f9-6c3bf21b67c2","keyframes":{"transform":["translate3d(85.87444%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-2ef6cfc3-45c8-465f-83ed-255727652e4c","keyframes":{"opacity":[0,1]},"delay":250,"duration":1500,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] But here's the kicker: CoreWeave plans to spend $20-23B this year—four times their expected revenue. Photo Source: Kaboompics.com (Pexels)

[{"selector":"#anim-fbb2f337-c9be-435d-8479-f4545b6c9b24","keyframes":{"opacity":[0,1]},"delay":250,"duration":1500,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3fd9c763-648f-4c5e-8b3d-08bbe402b1d0","keyframes":{"opacity":[1,1]},"delay":0,"duration":4000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-5ed39e85-05b8-4efc-b8fb-2bee5bdbcd0f","keyframes":{"transform":["scale(3)","scale(1)"]},"delay":0,"duration":4000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-cbf435fc-b67a-44e6-ab21-59457a0871b6","keyframes":{"opacity":[1,1]},"delay":0,"duration":4000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-02d0a924-8323-4608-ac06-7ad13ca00d89","keyframes":{"transform":["scale(3)","scale(1)"]},"delay":0,"duration":4000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-c755c872-eab3-4756-b98f-71c3c6001b2a","keyframes":{"opacity":[0,1]},"delay":250,"duration":1500,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Photo Source: ElisaRiva Investors weren't impressed. Stock dropped 2.5% Thursday as Wall Street questioned the math. Photo Source: Arturo A (Pexels)

[{"selector":"#anim-77e9f929-eed9-4b91-89d2-6cc1b10f55e4","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-eb865406-7130-4d3c-95b4-d91ac3971afb","keyframes":{"transform":["translate3d(85.87444%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-7863f863-641a-4b1b-b11f-df710ef0fcd7","keyframes":{"opacity":[0,1]},"delay":250,"duration":1500,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] CoreWeave revenue jumped 5x to $981.6M in Q1, but losses widened to $1.49 per share from $0.62. Photo Source: CoreWeave

[{"selector":"#anim-e159fa2c-e5a2-4c33-9251-d1f8b7847382","keyframes":{"opacity":[1,1]},"delay":0,"duration":4000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-8e172b36-93da-45b8-9878-b5edc788646f","keyframes":{"transform":["scale(3)","scale(1)"]},"delay":0,"duration":4000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-39cdcf0d-24d8-4e71-999d-04ebb56c15fd","keyframes":{"opacity":[1,1]},"delay":0,"duration":4000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-9b7140f4-e3d5-44c1-9dd5-05994675acdc","keyframes":{"transform":["scale(3)","scale(1)"]},"delay":0,"duration":4000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-46fec2f2-43c3-4840-8a51-721f91693d5e","keyframes":{"opacity":[0,1]},"delay":250,"duration":1500,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] The company sits on $25.9B in future revenue commitments—but can they turn spending into profits? Photo Source: Cytonn Photography (Pexels)

[{"selector":"#anim-1c08ff41-41e1-43bc-b432-7a08fcafda97","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b2402f95-98d3-4809-be8c-89c5e1782fe8","keyframes":{"transform":["translate3d(85.87444%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-771b928b-9942-427e-acb5-699e01454f74","keyframes":{"opacity":[0,1]},"delay":250,"duration":1500,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Analyst Gil Luria warned: "Hyperscalers will likely go away once they build their own data centers." Photo Source: U.S. Department of Energy (CC0)

[{"selector":"#anim-94d4c29a-61fc-4755-a150-8c93313580b1","keyframes":{"opacity":[1,1]},"delay":0,"duration":4000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-b44c394b-efb8-4705-866c-f5cda27183bc","keyframes":{"transform":["scale(3)","scale(1)"]},"delay":0,"duration":4000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-b6247ddd-766e-4048-bf77-b413543ab06f","keyframes":{"opacity":[1,1]},"delay":0,"duration":4000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-1ead79cc-9db9-49b0-b086-6a65688770ae","keyframes":{"transform":["scale(3)","scale(1)"]},"delay":0,"duration":4000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-347661a2-83e3-41b6-af0f-a6867c2759e6","keyframes":{"opacity":[0,1]},"delay":250,"duration":1500,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] CoreWeave hinted at landing Google as a new client, though they won't confirm the name. Photo Source: ElisaRiva

[{"selector":"#anim-26eaf082-2d5b-4a33-814b-b0ab2a2b1ffb","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d1f736c5-73b6-48f6-b533-94b7dfcb4645","keyframes":{"transform":["translate3d(85.87444%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f515417c-3e4a-47af-89d6-685e8511f87b","keyframes":{"opacity":[0,1]},"delay":250,"duration":1500,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] The company's revenue backlog provides a cushion, but the capital-intensive AI game is brutal. Photo Source: Helpameout ( CC BY-SA 3.0 )

[{"selector":"#anim-ae6e5557-5f79-4e20-93ff-8522cef1f560","keyframes":{"opacity":[1,1]},"delay":0,"duration":4000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-a6e78d89-0531-43be-9946-60ca00759604","keyframes":{"transform":["scale(3)","scale(1)"]},"delay":0,"duration":4000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-28afd10d-98a3-4582-898e-aac34bc1aec1","keyframes":{"opacity":[1,1]},"delay":0,"duration":4000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-dbe35fc3-57c9-4d3a-8837-947d65bc3e24","keyframes":{"transform":["scale(3)","scale(1)"]},"delay":0,"duration":4000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-963d808d-de25-4c99-8f5b-d501f287a8ac","keyframes":{"opacity":[0,1]},"delay":250,"duration":1500,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Seven brokerages raised price targets to $50-80, betting the AI boom continues. Photo Source: cowlet ( CC BY 2.0 )

CoreWeave's $4B OpenAI Deal Spurs $23B Capex

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